Trump’s sweep could be a big setback to Tesla and Elon Musk

Post by caseysoftware » Fri, Nov 11, 2016, 12:12 AM UTC

drzaiusapelord wrote: post #8

rgbrenner wrote: post #2

It talks about Tesla, but I'm not really sure how much oil prices can really decline. I would be more worried about SolarCity and solar in general. Trump says he wants to expand coal, nat gas, etc.. and cheaper prices for those (and perhaps discontinuation of credits for renewable energy) would discourage new solar installations. What would be really sad is if this policy change causes bankruptcies in renewable energ…

Tesla and its customers enjoy a fair bit of subsidies. According to the LA Times that number is around $5bn. Trump has stated he wants to cut these types of subsidies and others for renewables as part of his belief that climate change is a "Chinese hoax." I think Elon has a right to worry here as his products are probably too expensive without these subsidies. Even the Model 3 is pricey without that $7,500 tax break.…

Post by thesimpsons1022 » Fri, Nov 11, 2016, 12:19 AM UTC

DefaultUserHN wrote: post #78

mbostleman wrote: post #54

Earlier quoted context omitted.

Agreed. I don't think he has any discernible political position. That would be too constraining. He's a salesmen and a deal maker. He's going to say what he needs to get support, then make hay while the sun shines. He and Musk will get along fine. They're peers. If there's a way to make money, increase economic growth, or otherwise trade the currency of Musk's brand, Trump will totally use it imo. Then he'll explain…

His positions were pretty clear. He's for all forms of energy, including coal. Wind too, but just not around his golf courses.

Post by Ixiaus » Fri, Nov 11, 2016, 12:24 AM UTC

rayiner wrote: post #66

ajross wrote: post #52

Earlier quoted context omitted.

> He doesn't seem totally opposed to renewable energy sources: He has a professional climate change denier[1] being trial-ballooned to run the EPA. I think of all the question marks about Trumps seriousness and commitment to specific policy areas (and there are lots -- the guy is a blank slate), environmental issues are the least uncertain. The guy is a straight up head-in-the-sand opponent of anything that looks or…

Trump is bad for the environment (then again, all Presidents have been bad for the environment--nobody has the balls to do what needs to be done), but there are some bright sides. If you look at environmental harms in dollar terms, climate change isn't actually the most harmful thing: http://www.sourcewatch.org/index.php/External_costs_of_coal . Per kilowatt hour of coal-powered electricity, air pollution generates a…

Post by cma » Fri, Nov 11, 2016, 12:24 AM UTC

hoorayimhelping wrote: post #69

lingben wrote: post #35

Earlier quoted context omitted.

if you have been paying attention to what he says, then you would have heard that he is incredibly against renewable energy sources, especially wind (he has a major grudge against wind farms ever since his battle with them in Scotland) http://www.wsj.com/articles/trump-loses-battle-to-stop-wind-... https://www.theguardian.com/environment/2016/jul/22/trump-re... it is notoriously difficult to pin down what Trump stand…

> it is notoriously difficult to pin down what Trump stands for... > he only truly cares about himself and only thinks about what will benefit him... and his penchant for "clean" coal is crystal clear Which is it? It's hard to pin down what he stands for, or is it crystal clear?

Post by nostromo » Fri, Nov 11, 2016, 12:27 AM UTC

saretired wrote: post #79

merc285 wrote: post #63

More typical anti-trump propaganda. Tesla is a private company. Trump supports free market and private business. He even went as far to say he wants to improve our efforts in space. This is also from the Washington Post. The mainstream media has zero credibility at this point.

Trump received a 40-year, $120 million full tax abatement from NYC for the Grand Hyatt (Newsweek 6/17/90) . He sought a residential tax abatement for Trump Tower, an abatement designed for low- and middle-income housing (NYT, 8/6/1983), and an abatement for another luxury tower, Trump Palace, and for Trump International Hotel (NYT 7/17/94). He sought a $356 million low-interest loan from the federal government for th…